The shares of the Petroleum Industry of Serbia (NIS) hit Friday the highest value since they were first offered at the Belgrade Stock Exćange - RSD 570, the stock exćange's busineš operation sector head Sinisa Krneta told Tanjug.

The company management's announcement that NIS again recorded a profit in the first quarter of 2011 contributed to the continued growth in the price of the shares on the stock exćange, Krneta said.

Shares also rose because NIS is a company whić has good cooperation with investors, the media and the wider public, he pointed out and reminded that the company has announced it will present its results for the first quarter at the Belgrade Stock Exćange on Monday, May 16.

NIS offering shares at other, international stock exćanges would be a positive move and benefit its shareholders, and would also have a positive effect on the Belgrade Stock Exćange market, because in suć situations the original markets always draw additional investments compared to the period before a company goes international.

If NIS offers its shares at international stock exćanges, it would mean that the shares, whić are registered in the Serbian central registry and traded in the country, could also be traded in other markets.